Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
The vessels that operate on specific route on high seas and oceans are
Coastal Liners and Cargo Liners
Cargo Liners and Tramp liners
Passenger liners and Tramp liners
Passenger Liners and Cargo Liners
Correct answer is D
Ocean liners are vessels that operate on specific on high seas and oceans and they operate on fixed time schedule
1.13 : 1
2 : 1
4.75 : 1
4.25 : 1
Correct answer is A
No explanation has been provided for this answer.
An advertising campaign designed to sell one's own products at the expense of other brands is
competitive
persuasive
direct
informative
Correct answer is A
Competitive advertising is an effort by at least one company to create a contrast between its product and the same or similar product offerings by competitors. By establishing a contrast for the consumer and trying to influence the consumer's buying choice, this company hopes to obtain a larger market share.
The place where bankers meet daily to exchange cheques drawn on each other is known as
capital market
money market
clearing house
discount houses
Correct answer is C
The Clearing House is a central place or office where the representatives of all the banks in a particular area meet and exchange cheques and other instruments which ensures that a payee receives the full value of a cheque or standing order.
When a ship overstays the allowed number of days at the port, it is made to pay
interest
tariff
demurrage
commission
Correct answer is A
Demurrage is a charge payable to the owner of a chartered ship on failure to load or discharge the ship within the time agreed.